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Consolidated Statements of Shareholders’ Equity and Redeemable Noncontrolling Interest (unaudited) - USD ($)
Total
Common Stock
Deferred Equity Compensation
Retained Earnings
Beginning balance (shares) at Dec. 31, 2018   3,499,285    
Beginning Balance at Dec. 31, 2018 $ 195,575,943 $ 124,933,060 $ (22,008,054) $ 92,650,937
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   52,269    
Issuance of restricted stock grants   $ 7,233,016 (7,233,016)  
Amortization of restricted stock grants 4,874,121   4,874,121  
Issuance of stock grants (in shares)   24,048    
Issuance of stock grants 3,655,296 $ 3,655,296    
Issuance of common stock related to 401k plan match (in shares)   13,027    
Issuance of common stock related to 401k plan match 1,850,080 $ 1,850,080    
Shares withheld related to employee tax withholding (in shares)   (7,388)    
Shares withheld related to employee tax withholding (1,039,631) $ (1,039,631)    
Forfeiture of restricted stock grants (shares)   (11,700)    
Forfeiture of restricted stock grants   $ (2,127,467) 2,127,467  
Repurchase of common stock (shares)   (165,802)    
Repurchase of common stock (23,239,061) $ (23,239,061)    
Net income 41,545,254     41,545,254
Ending balance (shares) at Sep. 30, 2019   3,403,739    
Ending Balance at Sep. 30, 2019 223,222,002 $ 111,265,293 (22,239,482) 134,196,191
Beginning balance attributable to redeemable noncontrolling Interests at Dec. 31, 2018 62,679,687      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest (3,684,799)      
Net subscriptions of consolidated funds 5,689,957      
Net consolidations (deconsolidations) of Company sponsored investments (61,392,098)      
Ending balance attributable to redeemable noncontrolling Interests at Sep. 30, 2019 10,662,345      
Beginning balance (shares) at Jun. 30, 2019   3,443,464    
Beginning Balance at Jun. 30, 2019 217,694,738 $ 116,835,709 (21,919,702) 122,778,731
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   23,219    
Issuance of restricted stock grants   $ 3,207,195 (3,207,195)  
Amortization of restricted stock grants 1,498,405   1,498,405  
Issuance of common stock related to 401k plan match (in shares)   4,551    
Issuance of common stock related to 401k plan match 628,465 $ 628,465    
Shares withheld related to employee tax withholding (in shares)   (3,088)    
Shares withheld related to employee tax withholding (437,631) $ (437,631)    
Forfeiture of restricted stock grants (shares)   (7,200)    
Forfeiture of restricted stock grants   $ (1,389,010) 1,389,010  
Repurchase of common stock (shares)   (57,207)    
Repurchase of common stock (7,579,435) $ (7,579,435)    
Net income 11,417,460     11,417,460
Ending balance (shares) at Sep. 30, 2019   3,403,739    
Ending Balance at Sep. 30, 2019 223,222,002 $ 111,265,293 (22,239,482) 134,196,191
Beginning balance attributable to redeemable noncontrolling Interests at Jun. 30, 2019 34,076,350      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest (99,177)      
Net subscriptions of consolidated funds 538,128      
Net consolidations (deconsolidations) of Company sponsored investments (24,051,310)      
Ending balance attributable to redeemable noncontrolling Interests at Sep. 30, 2019 $ 10,662,345      
Beginning balance (shares) at Dec. 31, 2019 3,294,672 3,294,672    
Beginning Balance at Dec. 31, 2019 $ 192,855,681 $ 95,853,477 (20,331,890) 117,334,094
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   18,749    
Issuance of restricted stock grants   $ 2,048,386 (2,048,386)  
Amortization of restricted stock grants 3,793,978   3,793,978  
Issuance of stock grants (in shares)   23,640    
Issuance of stock grants 3,396,359 $ 3,396,359    
Issuance of common stock related to 401k plan match (in shares)   17,042    
Issuance of common stock related to 401k plan match 1,934,457 $ 1,934,457    
Shares withheld related to employee tax withholding (in shares)   (16,235)    
Shares withheld related to employee tax withholding (1,574,307) $ (1,574,307)    
Forfeiture of restricted stock grants (shares)   (15,325)    
Forfeiture of restricted stock grants   $ (2,850,712) 2,850,712  
Repurchase of common stock (shares)   (157,750)    
Repurchase of common stock (18,646,982) $ (18,646,982)    
Net income $ 24,296,313     24,296,313
Ending balance (shares) at Sep. 30, 2020 3,164,793 3,164,793    
Ending Balance at Sep. 30, 2020 $ 206,055,499 $ 80,160,678 (15,735,586) 141,630,407
Beginning balance attributable to redeemable noncontrolling Interests at Dec. 31, 2019 14,178,824      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest 2,045,619      
Net subscriptions of consolidated funds (4,097,088)      
Ending balance attributable to redeemable noncontrolling Interests at Sep. 30, 2020 8,036,117      
Beginning balance (shares) at Jun. 30, 2020   3,212,924    
Beginning Balance at Jun. 30, 2020 200,151,266 $ 86,189,846 (17,103,472) 131,064,892
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of restricted stock grants (shares)   1,884    
Issuance of restricted stock grants   $ 237,987 (237,987)  
Amortization of restricted stock grants 1,447,155   1,447,155  
Issuance of common stock related to 401k plan match (in shares)   5,323    
Issuance of common stock related to 401k plan match 645,349 $ 645,349    
Shares withheld related to employee tax withholding (in shares)   (803)    
Shares withheld related to employee tax withholding (91,277) $ (91,277)    
Forfeiture of restricted stock grants (shares)   (800)    
Forfeiture of restricted stock grants   $ (158,718) 158,718  
Repurchase of common stock (shares)   (53,735)    
Repurchase of common stock (6,662,509) $ (6,662,509)    
Net income $ 10,565,515     10,565,515
Ending balance (shares) at Sep. 30, 2020 3,164,793 3,164,793    
Ending Balance at Sep. 30, 2020 $ 206,055,499 $ 80,160,678 $ (15,735,586) $ 141,630,407
Beginning balance attributable to redeemable noncontrolling Interests at Jun. 30, 2020 9,571,722      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Net Income Attributable to Redeemable Noncontrolling Interest (575,068)      
Net subscriptions of consolidated funds (2,110,673)      
Ending balance attributable to redeemable noncontrolling Interests at Sep. 30, 2020 $ 8,036,117